Who can help w 9 and 12?
2 answers:
You might be interested in
Hey there!!
Given equation :
d(e-f) = g
Solve for d :
Dividing by ( e - f ) on both sides :
d = g / e - f which is
Hope my answer helps!
Answer:
4 years and 2 months
Step-by-step explanation:
<u>Simple interest formula</u>
A = P(1 + rt)
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- t = time (in years)
Given:
- A = $500 × 2 = $1,000
- P = $500
- r = 24% = 0.24
Substitute the given values into the formula and solve for t:
Therefore, it takes 4 years and 2 months for the initial investment of $500 to double at a simple interested rate of 24%.